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of that, plus video of jamie foxx's bizarre tribute to his lord and savior. barack obama? "hannity" starts right here, right now. >> it's clear the democrats spell blood in the water. if a deal is not reached by january 1st, a series of defense budget cuts will mean massive tax hikes reaching every american. we've seen democrats from the president on down using the so-called crisis to ram their left wing agenda down your throat. they want bigger taxes, bigger government. for example, take a look. >> if despite the dangers of going over the fiscal cliff and what that means for our economy, that there's too much stubbornness in congress, that we can't even agree on giving middle-class families a tax cut, then middle-class families are all going to end up having a big tax hike. that's going to be a pretty rude shock for them, and i suspect will have a big impact on the holiday shopping season, which in turn will have an impact on business planning and hiring, and we can go back into a recession. >> sean: republicans hate big beared and santa claus. don't buy this hype, such as letting the bus
research center showing that young voters played a decisive role reelecting president obama. >> brown: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: a still tentative american economy looked online today, as digital deals were to be had, and holiday shoppers lit up web sites. retailers had high hopes that cyber monday sales would add to what's been a strong start so far. >> if all goes as expected, today will end up being the busiest online david year, with major bargains and steep discountses just a click away. >> every year we see more and more consumers shopping is online, both the younger com
and their respective parties in debating and discussing solutions to the fiscal cliff. president obama organizing a campaign to persuade voters that his plans for higher taxes on the wealthy are the right path forward. leading republicans creating consternation within their own party does they reversed themselves from taxes and seemingly the president's ideas of increases, a growing number on the right rejecting their no new taxes pledges and instead are now claiming the grover norquist is the real problem in washington d.c. fox digital politics center is here with us tonight as is the daily caller stalker carlson. egyptian leader declaring new powers for himself, claiming he won't be just another dictator. just a week ago praised by the obama administration for brokering a ceasefire in gaza, and now the white house is silent on the more -- coupe. middle east expert professor hoover institute senior fellow "wall street journal" as columnist among our guests here tonight. we begin with the president's broad based strategy to conduct our right class warfare against the republican party on the issue
on december 14th. she ran the securities regulator for nearly four years. president obama will appoint current sec commissioner to run the agency. all right. now to our top try. warren buffett support for raising taxes on the rich takes a controversy in its turn in an op-ed in today's new york times. the billionaire investor says let's forget about the rich in culture ridge. income is increased. forever for see investment of the charities. so buffett is on target with this. raising taxes on the rich actually have no affect on their investment behavior. let's bring in scott martin, chief investment strategist and founder and ceo of market 76. thank you for joining me. give me a reaction to this. >> i'm really surprised. i look at buffett as asavvy businessman and one who would not put a dime toward the u.s. government if he had a choice with regards to a buyout because certainly is not a great balance sheets they carry. it just doesn't make a lot of sense for me to say, if you're going to rase the barriers to entry, change the overa landscape of something like raising taxes on investments, why
before president obama nominates her. but they did not take miss rice's answers too well. >> i want to say i'm more troubled today knowing, having met with the acting director of the cia and ambassador rice, because it is certainly clear from the beginning that we knew that those with ties to al-qaida were involved in the attack on the embassy, and clearly the impression that was given and the information given to the american people was wrong. megyn: senator kelly ae ayotte will join us live next hour. this will be her first public interview since she sat down with miss rice this morning. what exactly did ambassador rice say behind closed doors? why is senator yea a yeah at anayotte and the other two senators so fired up. this was supposed to be the olive branch. it didn't work. we'll find out what happened when she talks to us live. three weeks removed from election today and suddenly americans are being hit by an on shraugt of neon sthraut of new campaigning. a look at the white house now where press jay carney just began today's briefing. he reiterated that president obama will
and is qualified for a number of positions in the foreign policy arena. i will leave it at that. >> president obama shows his support of susan rice as well. he had his first white house news conference after his election. the president took exception to republican senators critical of rice. if they want to come after any one they should come after me. >> kelly wright, thank you very much. senator lindsay graham is one of the three senators who have a lot of questions for ambassador rice. >> he gave us a preview of what he will be looking for during today's discussion. >> she asked to meet with us i will listen to what she has to say about her role in benghazi. the more i know about benghazi the more upset i am that the consulate was even open on september 11th. when you look at the history about the dangers we should never have been open or heavily reinforced. during the attack i am more core idea about how we couldn't help them for 7 hours. a spontaneous event caused by video turn nude a riot is less credible than ever. i want to listen to her side of the story. the most basic information on what
, it was unjustified. to give the scenario as presented by ambassador rice and president obama. three weeks before an election. >> ambassador rice said today absolutely it was wrong. i don't understand the cia said clearly that information was wrong. and they knew by the 22nd it was wrong. yet, they have not cleared that up with the american people. >> in a statement just now, susan rice admits that the initial information about a protest in benghazi was incorrect, but says no one intended to mislead the public. business as usual, congress is back and picks up just where it left off. stalemated over tax rates and entitlement spending. >> unfortunately, there's one obstacle standing between congress and compromise, grover norquist. for years, norquist has bullied lawmakers willing to put their oath of office or promise to serve constituents ahead of their pledge to this anti-tax zell lot. >> the washington democrats, every dollar that's ever been secured for anything is sacred. every dollar secured for anything is sacred. and they'll defend it to the death regardless of what it means for jobs, or t
obama has spoken. he's promised he will not sign any bill that mortgages our future to pay for handouts to the wealthiest 2% of americans. i only hope house republicans have been listening. >> we've been responsible, even as we've remained firm on this point. no tax increases now for promised spending cuts that won't materialize later. >> hardly a political plug there. cnn political director mark preston is live from washington this morning. mark, so far there are no formal fiscal cliff talks scheduled at the highest levels. but the white house just announced that president obama is going to be going to pennsylvania on friday to try to sell his version of the tax plan to the american people. is that going to help things? >> well, john, you know, it's a dual strategy right now that we're seeing develop in these negotiations over the fiscal cliff. the first strategy, of course, and the first bullet point is when president obama gets together with congressional leaders and they try to get some kind of resolution. the second bullet point, though, is to try to pressure the republican party a
between ambassador rice and her staunchest critics on capitol hill. after his reelection president obama took exception to republican senators critical of rice saying if they want to come after anyone they should come after me. >> gretchen: we remember that. why is no one talking about susan rice, she went out on the talk shows and got the talking points from the white house and said what they wanted her to say. >> brian: she said the intelligence. >> gretchen: that's why she would be secretary of state. she did what she was asked to do and did it well and it worked with the electorate you could argue and now she will be secretary of state. what is going to stop it? >> steve: not necessarily. senate aides. administration is having her sell herself up on capitol hill today and what she is doing, she is appealing to the moderates, in particular republicans from georgia and tennessee. they are trying to figure out whether or not she can win the moderates over and avoid an embarrassment. >> brian: she played it definitely. senator mccane doesn't believe it. she didn't attack john mccain and
don't have the deductions in credits. what obama is hoping to do is raise taxes spend the money, kill tax reform for individual. >> eliot: meanwhile, some democrats would rather see the country jump off the fiscal cliff than agree to cuts in social security or other social programs. telling nbc news the cliff was more like a gentle slope and there would be plenty of time next year to mitigate it's affects if the deal could not be made. >> this is not an one-day event. thechy does not go into the tank on january 1st or january 2nd 37 all of the tax changes would be for next year's taxes. not this year's taxes. you don't see that immediate impact. >> eliot: i'm joining joined by bernie sanders. welcome. >> thank you. >> eliot: do you think the hold has been broken. >> it does appear that is the case. after the election after poll after poll after poll some republicans are catching on to the idea that you can't get out of the deficit crisis just by cutting, cutting cutting and we all will have to raise taxes. >> eliot: of all the permutations that you've heard of the ideas being floated
-election, president obama took exception to republican senators critical of rice saying, quote if they want to come after anyone, they should come after him, after me. bill: he said it with force. kelly, thank you. waiting on the meeting in washington. martha: ambassador rice, reportedly as we were saying one of the top candidates to replace secretary of state hillary clinton and the president seemed to lay down the gauntlet to senators mccain and graham if the first news confriends after the election. kelly referred to this moment. let's look at it from november the 14th. >> if senator mccain and senator graham and others want to go after somebody, they should go after me. martha: that is really the feistiest moment of that news conference. the president, who you see here, with ambassador susan rice and former president bill clinton and others they are described as close and president obama made it clear that republican opposition from will not keep him from nominating her for second irat that of state if that is what he decides to do. so we will see. big moment coming up in 26 minutes from now on
she and the obama administration misled the american public about the deadly attack on americans in libya. >>> the election was only three weeks ago, but president obama's about to shift back into campaign mode. and we're learning exclusive new details about the personal and professional life of the woman at the center of the scandal that forced the resignation of cia director david petraeus. i'm wolf blitzer. you're in "the situation room." >>> we begin with the obama administration's latest attempt to explain the misleading information given out in the days after the september 11th attack on the u.s. consulate in benghazi, libya. four americans including the u.s. ambassador to libya died in what we now know was a terrorist attack. but that isn't what the u.s. ambassador to the united nations susan rice said when she went on national television five days after the attack. today rice is up on capitol hill. she's explaining what happened and some big-name republicans clearly are not very happy with her answers. our senior congressional correspondent dana bash is following what's b
do about any of what he promised to do so let's look at the three obama promises. the first promise was in his first term when he said he will find a solution for the palestinian-israeli issue, and, unfortunately, we know what happened over the four years. that has not been that. it's an unfulfilled promise at best. some see it as a failed promise. the second promise the president of the united states had, unprecedented as it is, when he said the united states would never allow iran to be a nuclear power. now, this is unprecedented whether right or wrong, but it's something that was done not only during the elections, but a statement made by the president more than once, and i think it was in connection of promises made also to the israeli prime minister. how, will president obama fulfill the promise? wiggle out of it? absolutely implement it whether it's militarily or through containment policy, and what are they doing from my point of view, one of the reasons or a fascinating part about the gaza operation is that, a, they are giving hamas a lead in creating the new dynamics or dic
'll be asking him. plus, foreign exchange, president obama will get a visit from our next door neighbor today. mexico's incoming president is coming to town and he wants to talk about more than just the drug war. the drug war is a big deal. first we'll look ahead at the president's schedule. we can tell you what he's doing. a quick photo spread. no joint press conference. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. is a thrilling, dual-flavored ride to mouth fun-town. but it's not like everyone is going to break into a karaoke jam session. ♪ this will literally probably never happen. >>> in the three weeks since election day there's been a lot of republican hand wringing, party leaders looking to expand the tent, track more women, minorities to the party and find out how to find a happy medium between ideology and electabili
in washington. the president's fiscal cliff campaign. live pictures of the white house are president obama will meet today with 15 small business owners. the first of a series of meetings this week as the administration puts the pressure on congress to make a deal. the "washington post" reporting the talks are accelerating between president obama and top congressional leaders, including john boehner who was on the phone with the president over the weekend. the white house's pr campaign is being buoyed along by warren buffett who is voicing support for tax hikes for americans just like him. >> i think it would have a great effect in terms of the morale of the middle class who have seen themselves paying high payroll taxes, income taxes and then watched guys like me end up paying a rate that's below that, you know, paid by the people in my office. >> joining me now is wisconsin's republican senator ron johnson. senator, it's great to have you with us this morning. and as we talk about what's taking place in washington, d.c. right now, the million dollar question is all concerns around senato
representatives tom price and keith ellison. >> brown: then, president obama sat down with mexico's president-elect, enrique pena nieto, this afternoon. one topic for them and for us tonight: the war on drugs, on both sides of the border. >> suarez: as lawmakers talk of reducing the country's debt, paul solman offers a history lesson on centuries of federal borrowing. >> the united states was going into default. we defaulted on many obligations to foreign creditors and to our own soldiers. >> brown: plus, every month, 1,000 young americans are infected with h.i.v., and most of those with the disease don't even know they have it. hari sreenivasan looks at a new report from the c.d.c. that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possi
and the obama administration. why? all over their response to the attack in benghazi. well, today both sides came face to face. you are about to hear what happened inside that meeting and why those senators are not satisfied today. but, first, the urgent situation that has everyone's attention, members of the house, they're officially back to work as of right now, this hour. senators returned to washington yesterday. so everyone finally on the job after their week long thanksgiving break. that gives congress and the president, count it with me, 35 days to avoid the dreaded fiscal cliff, the huge package of tax hikes and spending cuts set to take effect january 1 if congress and the president do not cut a deal. we're told they have been talking behind the scenes and president obama has already hosted congressional leaders for a post election sit-down. but the president is also launching a new pr effort, a campaign, some are calling it here, starting with the white house meeting today, of small business owners. then tomorrow, the president hosts more business owners and a group of middle class
people had in her minds about the obama administration, and i find that it's dissipated since election day. still, the passionate opponents of the president trumpet this, but i don't think it's got much traction in middle america. >> thank you all. i really appreciate your time and your insight into this story. thank you. i really appreciate it. coming up, president obama's new fiscal cliff strategy revealed. the president taking a page from his campaign. he's trying to get the public on his side when it comes to extending the bush tax cuts for the middle class. do the exit polls show he has the public on his side? chris van hollen will join us live. plus, another day of deadly protests in cairo over egypt's president morsi's new sweeping powers that he is seeking. we'll get a live report. plus, the former head of florida's republican party, he's making a stunning claim about the state's early voting law saying it was deliberately designed to suppress minority votes. it's just one of the things we thought you should know. join our conversation on twitter. you can find us at @tamronhall
that the obama administration decimated al qaeda. that's something that rubs these republican senators the wrong way. i will tell you what she told them, i'm told, inside the classified briefing this morning, what she meant was it was the core of al qaeda, that's what the obama administration has decimated. but these republican senators think she's lef the impression it's al qaeda in general. last thing i will tell you i was told she did say to the republican senators behind closed doors she regrets saying what she said because she knows it was simply not right. >> where does this go from here? obviously investigating intelligence officials as well, i imagine? >> yes. as i said, the acting director of the cia also in this room. and senators, republicans and democrats, are not thrilled with the information that they got publicly or privately. but the -- what goes on from here more meetings. she's back here, we believe, this afternoon, tomorrow she has a meeting with one senator, bob corker of tennessee, probably others. she's going to make the rounds and she's going to keep trying to persuade sen
it like i always do. i track down the turkey president obama pardoned and i brought him to justice! (laughter) just because-- (cheers and applause) i brought him to justice. because his powerful friends in washington pardoned him doesn't mean he won't be held accountable for those crimes, turkey! here we are back at the office. all feeling pretty relacked. you know, nothing is really more relaxing than eating a long and drawn out meal with your extended family. (laughter) people you spend all year avoiding, now they're in your house hovering in the kitchen opening drawers. (laughter) >> pitching you ideas. (laughter) for your show. jonathan, i was at the bakery, and the man in front of me said who's next? and i said take a number, you'll find out, that's wha what-- you should use that in one of your skits. (laughter) it's like seinfeld-- (laughter) so it's a little stressful. i like black friday. a lot of people don't like black friday, the day after thanks giving. i don't like it for the shopping. i like to do it because it is a great opportunity to take out the suppressed rage th
. >> it is worth it. three weeks after his reelection, majority of americans approve of the job president obama's doing in office. at 52%, it's the highest approval marks the president has received from the cnn/orc survey since may. a majority of people say his experience over the first four years will make him a better president in the second term. there is measured optimism, however, about the future. 56% believe the country will be better off four years from now, compare that to four years ago when 76% felt that way. >>> moving on now, governor chris christie is getting ready for a second term. the republican governor has filed paperwork to run for reelection. christie currently enjoys a record high approval rating from -- following his hands on response to hurricane sandy. before the storm, 56% of registered voters in the garden state approved of the job he was doing after sandy, they were surveyed again giving the governor -- >> look at these numbers. >> 77%. >> willie, you're a new jersey guy. new jersey native. i'm sure you can't remember a governor having a 77% approval rating, a republ
with president obama later today. wolf blitzer will sit down with the president-elect nieto and you will hear that interview later today on cnn. now, one of the topics the two leaders will likely discuss is immigration. it's a hot button issue between the united states and mechanixi. immigration laws in the united states have gotten tougher. yes, tougher. so tough, many families are returning to mexico from the united states. >> a 10-year-old boy is struggling with his homework. oscar is getting extra help from his father because he's having trouble adjusting to his new school. >> when you left you were in, what, fourth grade? >> third grade. >> the fifth grader is technically a foreigner in his homeland. he was born in arizona. >> i pledge allegiance -- >> has approximatet been difficult for you to be here in mexico? >> kind of. >> why? >> because i have to speak another language. >> oscar's 6-year-old sister, angie, also is an american citizen. she says she misses american stores, bigger houses and parks. their parents, oscar and maria castillanes lived in arizona for years as undocumented
fiscal cliff president obama is taking his case to small business owners from across the country, meeting with more than a dozen at the white house, looking to avoid a year-end tax hikes and spending cuts. republican leaders will meet with a bipartisan group of former members of congress as list leaders as well as both sides hold the line on taxes. >> i'm willing to put revenue on the table to pay down debt and create a better economy but my democratic friends have to reform entitlements. what will make us greece is not raising taxes. what will make us greece is not fixing medicare, medicaid and social security. jon: white house press secretary jay carney says president obama will not give on extending current tax rates on wealthy americans. on entitlements carney says the president is open to changes except when it comes to social security. >> the president has long made clear that he is open to discussions about strengthening social security as part of a separate track. jon: so is the u.s. economy heading for a plunge over the fiscal cliff? with us now, associate editor and columnist fo
obama for doing his job in storm recovery. those high approval marks are also sparking new speculation about a potential presidential run for chris christie in 2016. >>> and speaking of that, another possible republican contender is your friend, go ahead -- >> jeb bush. >> yep. he met yesterday with former staffers near the white house where he reportedly entertained questions about his political future. >> according to "the national review," mika, governor bush sat down with a number of veteran florida operatives along with mitt romney's pollsters. he said mr. bush remained coy about making a run for the white house and instead deflected the focus towards his efforts on educational reform. >> potential candidates are lining up for a chance to fill congressman jesse jackson jr.'s house seat after he resigned amid scandal last week. a special election is set for mid-march but will likely be pushed to april. the son of the famed civil rights leader is currently the target of multiple investigations including one for the alleged misuse of campaign funds. jackson has been out of the public
. the white house says frankly that's not good enough. aides say president obama spoke with the house speaker john boehner and the senate majority leader harry reid over the weekend. and the president is confident they can work out some sort of agreement. mike emanuel on fox top story live in the d.c. newsroom tonight. mike, it looks like some republicans are changing their tunes. >> shep, republicans say they favor both major spending cuts and additional revenue from tax reform with lower tax rates. the pledge you mentioned is identified with americans for tax reforms grover norquist who has gotten many republicans to promise they won't vote to raise taxes. south carolina senator lindsey graham is pushing back saying capping deductions would help generate revenue. the top republic on the senate budget committee explained graham's position. >> he is conditioning any tax increase on fixing these programs, social security and medicare, particularly in making sure that they are sound for the future. so that's lindsey's position. and he has talked about accepting revenue to accomplish that goal.
our viewers on c-span as well. it's been almost exactly four years since president obama's a famously extended his hand of friendship and hope the iranians would unclench their fists. yet today after a few rounds of diplomacy, plenty more sanctions and centrifuge, there are plenty of clinched this on both sides and very little talk about friendship. there's been an attempt at diplomacy but political constraints on both sides have been difficult to advance an old habits are difficult to break. obama's one of the lowest in 2009 was quickly closed by the human rights abuses in the iran following the fraudulent elections. as well as a growing pressure from congress as will some u.s. allies in the region against diplomacy. focus shifted to sanctions and tehran responded by further expanding its nuclear program leaving both sides worse off today than they were a few years ago. in the meantime, sanctions have held iranian middle class for the impoverished population while the regime's repression and human rights abuses have continued to intensify and its nuclear program has continued to expa
transmitting this treaty, the obama administration conducted an exhaust i have comparison of the treaty's requirements to current united states law. here's what they found: the united states does not need to pass any new laws or regulations in order to fully meet the terms of the treaty. the fact that we've already met our exceed the treaty' treaty's requirements is a testament to our nation's commitment to equality for the disabled. but ther there are still importt reasons for ratification. the veterans all over the united states travel all over the world obvious with their families. raratifying this treaty will hep move forward the day where wherever they travel they will be treated with the kind of respect that every person would expect to have in traveling around the world. ratifying this treaty will also give the united states a seat at an international table that we currently can't okay pievment the united states can sit at the table on disability rights worldwide and provide guidance and expertise based on our experience and leadership. it just stands out like a sore thumb that o
will also hear from president obama, who signed the deficit reduction measure into law, part of the deal to raise the debt ceiling. first, senate majority leader harry reid and republican majority leader mitch mcconnell will talk on the senate floor about the january fiscal deadline. >> since our country voted to return president obama to the white house, i have spoken often about compromise. i remain optimistic that, when it comes to our economy, when it comes to protecting middle-class families from a whopping tax hike, republicans and democrats will be able to find common ground. president dwight eisenhower, a republican, once said, "people talk about the middle of the road as though it were unacceptable. there have to be compromises. the middle of the road is all usable space." so said white house and higher. -- dwight eisenhower. too often, we face off, not realizing that the solution rests somewhere in the middle. i remind everyone of one fact. this congress is one vote away from avoiding a fiscal cliff for middle-class families and small businesses. we can solve the greatest econo
ambassador rice campaigned for president obama against the republican candidate, senator john mccain. it was heated. it was difficult. the democrats believe it was not forgiven by john mccain. what do we know of meeting, catherine? >>reporter: we have to rely on the readout from the ambassador rice and the republican senators because it was behind closed doors. we saw the senators and rice arriving to plain five days after the attack she characterized the attack as spontaneous and blamed the video 2309 death of four members. the explanation she relied on the best available intelligence fell short. >> i am more convinced than ever it was bad, it was unjustified, to give the scenario as presented by ambassador rice and president obama three weeks before an election. >>reporter: the talking points that stripped out language including al qaeda, senators say she has classified material that showed evidence of terrorists. >> when you have a position of ambassador to the united nations you go classified talking points in your responsibility for the job. >>reporter: and her meeting this
think particularly coming out of this -- obama out of a strong election. no one like gaddafi. no one liked libya. no one liked the soviets. it's doable. >> to partially answer the same question. the issue for many in congress is whether this negotiation quote-unquote allows iran to continue enriching at the 3.5% level or not. the historical position of the united states going back to the early 2000's has been that there should be a suspension of all enrichment as a confidence-building measure. from what you're saying, jim, we're well past that point and iran has a lot of truth on the ground in terms of additional centrifuges and they want the -- their so-called right under the nonproliferation treaty to be recognized. the question is at what level do they continue. >> i think there's also -- i agree with that. i want to go on here. there is a debate over countries have the right to enrich. they have a right to peaceful activities. there's some ambiguities about that. people disagree. both the iranians have said, offered this as a principle. i think it's important to have principles t
-and-take to get there. listen to this. 72% in our brand-new cnn/orc poll say they want president obama to compromise with republicans on taxes and spending. an identical 72% want republicans to do the same, compromise with the other side. as for what compromise should entail, 67% favor a mix of spending cuts and tax increases. that's what they say real progress would look like. keeping them honest, real progress is one thing. washington progress is another. so far at least we see much more of the second than the first, and we're getting late new word that any progress might be stalled. more on that shortly. first, a good example of washington progress. republican lawmakers standing up in a limited way to a beltway power broker named grovier norquist over the 1980s era pledge he pressures them to sign promising not to raise any taxes ever. >> i'm not obligated on the pledge. i made tennesseans aware. i was just elected. the only thing i'm honoring is the oath i take when i serve when i'm sworn in this january. >> that's senator bob corker and one of the a handful up republican lawmakers
of inequality that you have written about in your book? and will the election results give president obama a mandate to do just that? >> i think it should be part of the discussion. the argument sometimes from conservatives, and also from not just the 1%, but the 0.1%, is, does it make sense to focus on the rich if there is not that much revenue there? actually, i think so much money is concentrated at the top of the income distribution, there is money to be had. but equally important hit a sense of fairness. as warren buffett has pointed out, the fact that he pays taxes at an effective rate much lower to that -- much lower than that of lower-income americans, makes it hard to look at this as a shared sacrifice. >> and republicans argue that the wealthy are job creators and they may not be able to stimulate the economy as much as a mite -- as they might. >> absolutely, that is their argument and one buffett argued that this is a great opportunity -- and warren buffett argued that if there is a great opportunity, people will not turn it down because the tax rate is not lower. what we have s
and that was raising taxes on wealthy people, and people knew that's what president obama wanted to do. they new mitt romney didn't want to do it and voted for president obama. he has the authority of the election behind him, and that gives him a good hand here. >> david let me ask you about grover norquist. the man who authored the pledge that so many reps signed and mike lee was the latest to say there's a lot of ways to skin a cat and back off the pledge. grover spoke to soledad on cnn. here was his comment. >> if you want to go to your voters and say, i promised you this, and i'm breaking my promise, you can have that conversation with them. you don't have an argument to we. you made a commitment to voters. >> he says he will try to unseat people that go against the pledge? is this a real risk that people that are up for re-election could lose jobs over this it or no? >> it is a real risk. it's not just grover norquist, it's the club for growth and other entities that do that. understand what direction these people leading the party in. they concede the republican party is a fundamental congressi
people. people knew that's exactly what president obama knew. they knew mitt romney didn't want to do it, and they voted for president obama. >> david, let me ask you about grover norquist. obviously, the man who authored the pledge that so many reasons have signed. mike lee from utah was the latest on the show to say, back off the pledge. grover spoke to soledad this morning on cnn, if you break my pledge, you're going to have to deal with voters. here was his comment. >> if youen watt to go to your voters and say, i promised you this, and i'm breaking my promise. you can have that conversation with them, but you're not having that argument with me. you made a commitment to your voters. >> he says he's going to try to unseat people who go against the pledge. is this a real risk that saxby chambliss or lindsey graham could end up losing their jobs over 24? >> it is a real risk. understand what direction these people are leading the party in. they conceive the republican party is fundamentally a congressional force, oppositional force. the whole point is to say, someone else is acting, an
that means higher tax rates for high incomes are on the table. something president obama campaigned and won re-election on. senator lindsey graham also breaking with norquist says no on higher tax rates, but is open to more tax revenue by limiting deductions. >> i will violate the pledge long story short for the good of the country only if democrats will do entitlement reform. >> another lawmaker who's breaking with the norquist agrees. >> i think everything should be on the table. i myself am opposed to tax increases, i'm not going to prejudge it, we should not be taking iron clad positions. >> late today in the situation room, republican kevin mccarthy, the house majority whip put a fresh spin on what seems to be the talking points. >> if the goal is to raise more revenue, what is the best way to do that? at the same time protecting the economy? if you're able to gain more revenue by closing special loopholes, and limiting them. and keeping the rate down, so you have better ground control, isn't that a better outcome. >> talk of tax deductions and closing loopholes. a big note on raising
three weeks left before the fiscal cliff, the clock is ticking for president obama and congress. >> the clerk will read the communication. >> reporter: lawmakers are back at work and under the deadline pressure. >> we can solve the greatest economic emergency facing the nation today. >> reporter: white house economist say without a deal to avoid the fiscal cliff, americans may start closing their wallets during the critical holiday shopping season. and curb their spending well into next year. >> they think that it is important that congress extends the middle class tax cuts without delay, without drama. and it is because it will help to maintain the increase in the consumer confidence that we have seen. >> reporter: both sides say they are ready to compromise to avoid the nearly $600 billion in tax hikes and mandatory spending cuts, scheduled to kick in on january 1. but the taxes, they remain the sticking point. republicans and congress, they have been long opposed to any tax increases, but the gop lawmakers say that they are open to raising more revenues through the tax ref
obama is seeking. >> susan mcginnis in washington this morning. thank you so much. >>> amid sky high approval ratings in the wake of superstorm sandy, new jersey governor chris christie said he will be seeking re-election next year. he said the preliminary damage from sandy is nearly $30 million. christie says he's in it for the long haul to help jersey recover. >>> coming up on the morning news, click and shop. cyber monday rings up record sales on what's expected to be the busiest online shopping day of the year. this is the morning news. [ female announcer ] born from the naturally sweet monk fruit, something this delicious could only come from nature. now from the maker of splenda sweeteners, discover nectresse. the only 100% natural, no-calorie sweetener made from the goodness of fruit. the rich, sweet taste of sugar. nothing artificial. ♪ it's all that sweet ever needs to be. new nectresse. sweetness naturally. starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that mo
cliff is looming as lawmakers on capitol hill look for ways to hit the brakes. president obama and members of congress got back to work today after the holiday break. cbs reporter danielle nottingham on the warning tonight from the white house. >> reporter: lawmakers are back at work and under deadline pressure. >> we can solve the greatest economic emergency facing the nation today. >> reporter: white house mommists say without a deal to avoid the fiscal cliff, americans may start closing their wallets during the critical shopping season and curb their spending into next year. >> they think it is important that congress extend the middle class tax cuts without delay and drama is because it will help to maintain the increased consumer confidence we've seen. >> reporter: both sides say they are ready to compromise to avoid the nearly $600 billion in tax hikes and mandatory spending cuts scheduled to kick in on january 1st. but taxes remain the sticking point. republicans in congress have been long opposed to any tax increases, but gop lawmakers say they are open to raising more
to the same argument creating a bond. you are together for a long time. i hope president obama appoints another to the court, and work together for another 25 years. i said that once to justice kagan, and she said, only 25? [laughter] she's younger than i am. you learn to get along and know you work on a common enterprise. the level of the institution, the extent to which the justices have a collegial relationship with each other. >> two things to follow-up with a flip question. anything that unpleasantly surprised you since joining the court? >> yes. i'll limit that to one though. [laughter] "unpleasant" is the wrong word. i have a fair amount of responsibilities. the court is the highest in the land. it is a small government of the agency, people fall on the front steps, and you need the right computers of the court. we completed a renovation of the court involving a lot of administrative concerns. if you visit washington and visit the court, you wonder why the front is obscured by the scrim. it's like a sheet, and, well, the chunks of marble fell off of it. it's a huge enterprise to
.s. consulate in libya, one that could affect who president obama nominates as his next secretary of state. nbc white house correspondent chuck todd has the latest on this story. chuck, good morning to you. >> reporter: well, the woman who could be president obama's pick to replace hillary clinton as secretary of state, u.n. ambassador susan rice. she's going to capitol hill today for some closed door meetings with republican senators, including some of her toughest critics like john mccain as she attempts to explain her comments about the benghazi terrorist attacks, a move that could also signal the president is planning to go ahead with rice's susan rice heads to capitol hill today where along with the acting cia director, she'll meet with three of her toughest republican critics to do damage control, a move that could pave the way for rice's nomination for secretary of state. at issue, rice's initial incorrect explanation of the september 11th terrorist attack in benghazi. >> this is a spontaneous reaction to a video. >> reporter: when rice's name was first floated for secretary of state, go
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